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West Africa’s Oil Loadings To Asia Set To Fall M-o-M But Surge Y-o-Y

Oil

West Africa’s crude oil loadings to Asia in June are scheduled to fall by 89K b/d m-o-m to a 2-month low of 2.00M b/d, Reuters reports, citing loading schedules. However, this was up by 348K b/d y-o-y. Across the year to date, scheduled loadings have averaged 2.04M b/d, up by 181K b/d from the same period in 2016.